Question
An investment centre generated a contribution margin of $201000, controllable fixed costs of $99300 and sales of $993000. The centres average operating assets were $423750.
An investment centre generated a contribution margin of $201000, controllable fixed costs of $99300 and sales of $993000. The centres average operating assets were $423750. How much is the return on investment?
24%
163%
47%
71%
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Accounting Ethics
Authors: Iris Stuart
1st Edition
1118542401, 9781118542408
